Kinaxis (OTCMKTS:KXSCF) Hits New 52-Week High – Here’s What Happened

Kinaxis Inc. (OTCMKTS:KXSCF) hit a new 52-week high on Wednesday. The stock traded as high as $131.37 and last traded at $131.37, with a volume of 319 shares. The stock had previously closed at $130.77.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KXSCF shares. BMO Capital Markets restated an “outperform” rating on shares of Kinaxis in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kinaxis in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Kinaxis Stock Performance

The business has a fifty day simple moving average of $125.28 and a two-hundred day simple moving average of $114.01. The company has a market cap of $3.56 billion and a PE ratio of 52.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.88 and a quick ratio of 1.88.

Kinaxis Company Profile

Kinaxis Inc is a Canadian supply chain management software company that provides cloud-based solutions for planning, monitoring and orchestrating complex supply chain operations. Its platform is designed to help organizations improve visibility, coordinate activities across suppliers and production networks, and respond more quickly to changes in demand, supply and other operating conditions.

The company’s primary offering, Kinaxis Maestro, formerly known as RapidResponse, supports concurrent planning across areas such as demand and supply planning, inventory management, production, sales and operations planning, and supply chain control-tower operations.